FOA promotes Jonathan Scarpati to chief production officer

April 2, 2025 by bp56691

Scarpati will now oversee both wholesale and retail production at FOA, in an effort to “optimize internal structures and accelerate performance gains” for its multichannel operations.

New FHA citizenship, residency requirements apply to reverse mortgages

March 26, 2025 by bp56691

Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.

Fitch Ratings assesses home equity investments amid wider scrutiny

March 25, 2025 by bp56691

The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.

HUD cancels HECM-related tech contract under direction of DOGE

March 24, 2025 by bp56691

A technology tool designed for use by reverse mortgage counselors is no longer available after its contract was canceled.

Onity leaders talk reverse channel profitability, tease proprietary product development

March 21, 2025 by bp56691

Onity Group executives tout the profitability of their reverse mortgage business and tease the development of a new private-label offering.

NRMLA supports Hawaii bill seeking state-run reverse mortgage program

March 19, 2025 by bp56691

The reverse mortgage trade association said it supports a bill to set up a state-run HECM program, but it also requested some changes.

The state of the reverse mortgage business in early 2025

March 18, 2025 by bp56691

Reverse mortgage lenders are making moves in early 2025 while business is humming — though not booming — in the early months of the year.

How a government shutdown could impact reverse mortgages

March 13, 2025 by bp56691

If a government shutdown happens, here are the likely reverse mortgage business impacts based on recent history and HUD’s contingency plan.

Finance of America reports Q4 loss, full-year profit for 2024

March 12, 2025 by bp56691

FOA remains bullish about reverse mortgage industry prospects despite some market turbulence, its leaders said this week.

What has the CFPB done for the reverse mortgage industry?

March 11, 2025 by bp56691

As the CFPB is being scaled back by current leaders, RMD takes a look at its impact on the reverse mortgage industry.